Lecap Asset Management Ltd. Boosts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Lecap Asset Management Ltd. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 49.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,640 shares of the technology company's stock after buying an additional 10,489 shares during the period. Lecap Asset Management Ltd.'s holdings in SS&C Technologies were worth $2,348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC raised its stake in shares of SS&C Technologies by 76.8% during the first quarter. Quent Capital LLC now owns 396 shares of the technology company's stock worth $25,000 after buying an additional 172 shares during the last quarter. Innealta Capital LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $35,000. Benjamin Edwards Inc. increased its stake in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in SS&C Technologies by 6,300.0% in the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after purchasing an additional 693 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the completion of the transaction, the director now owns 9,576 shares in the company, valued at approximately $678,172.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the sale, the director now owns 9,576 shares in the company, valued at $678,172.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now owns 57,642 shares of the company's stock, valued at approximately $4,215,359.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 609,690 shares of company stock worth $44,821,055. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on SSNC shares. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. DA Davidson reaffirmed a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC upped their target price on shares of SS&C Technologies from $81.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus target price of $73.75.

SS&C Technologies Stock Up 0.4 %

Shares of SS&C Technologies stock traded up $0.31 on Wednesday, hitting $75.79. The company had a trading volume of 1,213,430 shares, compared to its average volume of 1,023,415. The firm has a market capitalization of $18.60 billion, a P/E ratio of 27.45 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $77.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50-day moving average of $74.29 and a 200-day moving average of $67.55.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 1.32%. SS&C Technologies's dividend payout ratio is presently 36.36%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.